22 September 2020

Banking Skullduggery Back With a Bang

Some of the world's largest banks have been caught (again) with their hands in the cookie jar.

The global banking industry has been dealt a crushing blow after revelations of money laundering and criminal involvement, carried out by some of the world’s largest banks.

Approximately 2,100 suspicious activity reports (SARs) were leaked to the International Consortium of Investigative Journalists (ICIJ), showing that as much as US$2 trillion (A$2.73 trillion) in transactions between 1999 and 2017 related to senior bankers enabling fraudsters to move money between accounts, with the full awareness that funds were being generated, or used, criminally.



Written by George Tchetvertakov 
Published by Small Caps